Weekly Report

Daily Note 20/04/2020

20/04/2020 05:21:00 PM
[Market Commentary] Stocks moved higher after the fifth-straight day of no new coronavirus cases raised hopes the Government will lift the coronavirus lockdown on April 22nd, with stocks now up 20% from the March low [Futures/ETFs] Futures ended down despite a positive close to the VN30 cash index and markets recovering more than 20% since the March low [Market Movers] VNM, KBC [Company Updates] Vinh Hoan Corp (VHC)

Daily Note 17/04/2020

17/04/2020 05:25:00 PM
[Market Commentary] Stocks rose in a broad-based rally with the gradual rollback of the lockdown and second-consecutive day of no new coronavirus cases [Futures/ETFs] Futures traded higher as foreigners added new long positions throughout the session but late-afternoon local profit taking weakened the basis into the close [Market Movers] VIC, HVN

Daily Note 16/04/2020

16/04/2020 04:48:00 PM
[Market Commentary] Stocks posted modest gains as the gradual rollback of the nationwide lockdown caused mixed trading led by sectors likely to benefit from government stimulus [Futures/ETFs] Foreigners mostly rolled over long positions to May contracts and closed out short positions at the expiry as the new forward contract quickly moved deep into backwardation [Market Movers] GAS, VJC

Daily Note 15/04/2020

15/04/2020 05:53:00 PM
[Market Commentary] Stocks retreated from highs after the government considers extending the lockdown in several major cities [Futures/ETFs] Futures rose and the basis narrowed before tomorrow’s expiry in light trading as foreigners fail to rollover to May contracts [Market Movers] VGC, KDH [Macro/Strategy] April Inflation [Sector Updates] Turbulent times

Daily Note 14/04/2020

14/04/2020 06:05:00 PM
[Market Commentary] Stocks posted modest gains as the country waits for the official end to the nationwide lockdown tomorrow [Futures/ETFs] Futures closed higher on local short covering as the underlying VN30 cash index held the 700 level and staged a late day rally to close at the high of the day [Market Movers] FPT, TCM [Company Updates] Asian Commercial Bank (ACB); Hoa Phat Group (HPG); Refrigeration Electrical Engineering (REE)

Daily Note 13/04/2020

13/04/2020 06:27:00 PM
[Market Commentary] Stocks moved higher as the government considers relaxing the nationwide lockdown in selective lower-risk areas [Futures/ETFs] Futures gain strength throughout the day as the VN30 index closes above 700 for the first time in a month [Market Movers] VIC, HVN [Company Updates] PV Technical Services (PVS); Mobile World Investment (MWG)

Daily Note 10/04/2020

10/04/2020 05:26:00 PM
[Market Commentary] Stocks fell in directionless trading as two new coronavirus cases offset hopes that the nationwide lockdown was coming to an end [Futures/ETFs] April contracts closed in positive territory at the close as locals covered intraday short positions that narrowed the basis [Market Movers] VJC, PNJ [Macro/Strategy] FTSE prospects [Company Updates] FPT Group (FPT)

Daily Note 09/04/2020

09/04/2020 05:02:00 PM
[Market Commentary] Stocks rose for the seventh-consecutive session as no new COVID-19 cases offset worries looming over the market of a possible extension to the nationwide lockdown. [Futures/ETFs] Futures posted modest gains as foreigners reversed early morning selling and actively covered short positions in the closing minutes when the underlying VN30 index began to tumble [Market Movers] GAS, FPT

Daily Note 08/04/2020

08/04/2020 05:02:00 PM
[Market Commentary] Stocks were mixed after Vietnam announced a new COVID-19 case of unknown origin, with the VN-Index staging a comeback to end the day positive and the VN30 index closing down [Futures/ETFs] Futures closed modestly lower but at the high of the day led by a late-day rally in the cash VN30 index as foreigners returned to selling and locals unwound intra-day long positions in the auction [Market Movers] MWG, VIC

Daily Note 07/04/2020

07/04/2020 05:47:00 PM
[Market Commentary] Consumer and retailing stocks rallied on the third day of no new COVID-19 cases as concerns eased over extending the nationwide lockdown to the end of April as proposed by the Ministry of Health [Futures/ETFs] Futures booked back-to-back gains on healthy trading volume as active short covering by foreigners in the morning session modestly narrowed the deep backwardation of the basis [Market Movers] PLX, ACV